ISME criticises new corporate responsibility laws
13/06/2005 - 11:29:13The Irish Small and Medium Enterprises Association has criticised new laws requiring company directors to sign a statement certifying that they have complied with tax, company law and other statutory requirements.
ISME claimed the move was unnecessary and was placing a huge burden on smaller companies.
It accused the Government of adopting a knee-jerk overreaction to financial scandals at the multinational firms Enron, Worldcom and Parmalat.
ISME said small firms were basically being punished for the sins of major international firms.
